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Samvel is 35-year-old father of two children. He lives in Mrgavet village of Ararat region with his wife and children. Samvel is involved in agriculture which helps him earn a monthly income. But the income is not enough to cover the family's everyday expenses. So, together with his wife, Samvel decided to start a new business. He has requested this loan to purchase materials for building a greenhouse. He will plant different kinds of seeds in his greenhouse and sell the harvested products locally. This new business initiative will significantly improve the living conditions of the family.

Additional Information

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.

About Armenia

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $14,314,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Samvel to purchase materials for building a greenhouse.
90% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 23, 2012
Dec 10, 2012
Currency Exchange Loss: